CLOAK provides a more secure and private world of currency transactions

Lightning-fast

Experience almost instant transactions. No more waiting for slow blocktimes or network transactions to take place.

Untraceable to you

Cloak has onion-routing privacy set to default, or switch on state of the art ENIGMA for the ultimate in cloaking.

Earn rewards

Everyone can earn more with Cloak. 6% annual interest is rewarded for simply staking your coins in your wallet.

Community focused

We live and breathe community and rely upon active participation and volunteers to help the project. Get involved.

About

Unrivalled security comes as standard with Cloak

Privacy

Open source

CloakShield utilizes end-to-end encryption and delivers secure communication out of the box, allowing nodes to circumvent traffic analysis. Combined with ENIGMA, it is the crème de la crème for privacy, utilizing up to 25 hops using symmetric RSA encryption backed by an ECDH key exchange.

Open source is important to Cloak as it provides complete transparency and the ability to peer review the software. Users can have complete faith that the software is continually reviewed for bugs, tracking, malware or any other unwanted software. ENIGMA OS coming soon.

Freedom

The sole purpose of Cloak is to give its owners innate financial freedom in a simple, practical, economical and virtually instantaneous manner. However, it is not – and it never will be – the intention of Cloak to support illegal markets, activities or elements acting outside of the law.

Key features

Enhance your privacy

Introducing Enigma

If you need the ultimate in transaction privacy, you need ENIGMA...a unique, advanced, private & secure transaction system from the Cloak Team allowing Cloak Coins to be sent anonymously, while avoiding the need to 'trust' other nodes not to steal funds or leak sensitive information.

01

Initiating a request

Alice wishes to send a 100% private currency transaction. In order to do this she uses the wallet to enable ENIGMA alongside CloakShield to supply an extra layer of encryption which elects a series of decentralized ENIGMA nodes to add an additional, untraceable layer of privacy.

02

Hiding transaction identity

Alice’s Cloak wallet then automatically sends a request to the network for other Cloak wallets who have elected to become ENIGMA mixer nodes to obfuscate her transaction. All of this is done privately and securely throughout with no identities or true IP addresses revealed.

03

Initiating the transaction

Bob has cloaking mode enabled in his wallet and the wallet generates a secure CloakShield encryption channel for communications with Alice's wallet. Bob’s wallet sends Alice a secure connection, containing encrypted inputs and outputs to commence the transaction.

04

Signing the transaction

With this confirmed, Alice, with full anonymity, creates an encrypted ENIGMA transaction containing her true inputs and outputs and Bob’s cloaking (obscured) inputs and outputs. Bob and Alice both sign the ENIGMA transaction before it is submitted to the network for inclusion into a PoS block.

05

Final rewards

The transaction rewards Bob with his ENIGMA cloaking fee and outputs payment to Alice’s intended recipient. All participants remain fully anonymous and the entire process takes place without need for interaction from wallet holders – only using participants who have elected to do so in order to earn additional ENIGMA rewards.

Benefits

Rewards and circulation

Earn from PoS (Staking)

+6%pa

CloakCoin is a pure proof-of-stake (PoS) cryptocurrency that offers an interest of 6% per annum on staked coins. Should they wish, users are also eligible to a share in the network's 1.8% fee for their support towards ENIGMA transactions. It’s more energy efficient than mining and it’s easy to earn more Cloak by simply placing coins in your wallet.

Limited circulation

Cloak is designed to be a rarity and is such limited in supply, offering excellent potential to currency holders. Increasing circulating supply is minimal, raised by a theoretical maximum of 6% p.a. in line with rewards. Typically, this is a much lower % in reality, so the coin does not suffer from over-inflation and remains a scarce commodity.